 IN THE NEWS

Sime Darby Property Bhd has launched its “Lot 15” development, which sits on 2.22 acres in Subang Jaya City Centre and is made up of two 20 storey residential units with three levels of retail space. The residential units are priced between RM593,888 and RM1.01 million (before Bumiputera discount and 5% sales rebate), with built…

EcoFirst Consolidated Bhd aims to accelerate the development of its RM5 billion flagship Ampang Ukay project. The developer is in the advanced planning stage for the second phase of Ampang Ukay comprising two blocks of condominiums and a block of apartments, all priced below RM500,000. A 25 acre parcel was purchased for a consideration of…

Priced at RM75,000 per unit, a total of 5,000 units of Felda Next Generation Friendly Homes costing RM164 million will be built by Syarikat Perumahan Negara Berhad through a strategic cooperation with Felda. (The Sun & NST, 17/11/2017)

The Selangor state government will revive the RM6.36 million expansion project of Kampung Desa Mawar in Kuala Selangor, which is expected to be completed at the end of March 2018 under the Abandoned Projects Recovery Fund. As of June 2017, there were 105 abandoned projects of which, 96 are housing projects and 9 village expansions….

Privasia Technology Bhd was awarded a RM2.05 million contract from Lumut Maritime Terminal Sdn Bhd for a port management information system in Sitiawan, Perak. The contract includes supply, delivery, implementation, testing and commissioning of the information system and is targeted for completion within twelve months. (The Sun, 16/11/2017)

Bina Puri Holdings Bhd aims to launch projects worth about RM500 million in 2018. Bina Puri has ongoing property projects worth RM3.16 billion in gross development value, which would sustain the company’s earnings until 2020. Going forward, the company has approximately RM2.8 billion worth of future property projects. (The Star, 16/11/2017)

Sunway Construction Group Bhd (SunCon) and its joint venture partner, Taisei Sunway have secured a RM139.83 million contract from Nippon Express (M) Sdn Bhd to design and build a warehouse in Shah Alam, Selangor. The project is expected to be completed by 3Q19. (The Edge Property, 14/11/2017; The Star, NST & The Sun, 15/11/2017)

The Felda 2.0 programme will see the Federal Land Development Authority create a “smart city” at the Felda Lurah Bilut settlement in Bentong, Pahang in 2018. The pilot project will cost RM10 million and will be extended to other Felda settlements in Malaysia. Felda 2.0 is a digital transformation project that will upgrade Internet infrastructure…

IJM Corp Bhd wholly owned subsidiary, IJM Construction Sdn Bhd, has been awarded a RM378.23 million contract from Damansara Uptown Retail Centre Sdn Bhd to design, construct, complete and commission a proposed 31 storey office tower in Damansara Uptown. Work for the project will commence in November 2017 and is expected to be completed in…

The decision to switch the Mass Rapid Transit 3 (MRT3) project delivery structure from a project delivery partner model to a turnkey model is estimated to save billions of ringgit. MRT Corporation expects the proposed MRT3 railway scheme to be approved by the Land Public Transport Commission by December 2018 and construction works could start…

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